TO:	The Minister Ministry of Education & Culture
	The Minister Ministry of the Budget
	The General Manager Government Service Insurance System
	The Administrator Social Security System
	The President Philippine National Bank
	The Chairman Development Bank of the Philippines
	The President Land Bank of the Philippines
	The President Amanah Bank
	All Heads of Private Banking Institutions
	All Concerned

WHEREAS, it is the declared national policy of the government to democratize access to education by providing opportunities to poor "but deserving students to pursue higher education in fields relevant to economic development;

WHEREAS, the "Study Now Pay Later Plan" under the educational assistance program is recognized as a major measure to enhance the democratization of education;

WHEREAS, to expand the coverage of the government educational Plan be  expanded to provide the youth all available educational opportunities  as well as parents for educational purposes;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic  of  the Philippines, by virtue of the powers vested in me by the  Constitution, do hereby issue the following instructions:

1. All institutions concerned are hereby directed to increase  their respective  annual contributions to the Educational Loan Fund and to the  Educational Loan Guarantee Fund starting from school year 1979-1980 by Five Million (P5,000,000.00) each;
2. The Educational Loan Fund shall be made available directly to the eligible students pursuant to P.D 932 as amended, and to parents with visible means of livelihood who would wish to avail of loans for the education of their children, under such rules and regulations  as  shall be promulgated by the policy making council created under the  same decree;
3. All concerned banks and their branches nationwide are hereby directed to make possible the immediate implementation of the program on easy terms.

Done  in the City of Manila this 20th day of March, in the year of Our Lord, nineteen hundred and seventy-nine.